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Lemmon Inc. lists fixed assets of $100 on its balance sheet. The firm's fixed assets have recently been appraised at $169. The firm's balance sheet also lists current assets at $15. Current assets were appraised at $18.3. Current liabilities book and market values stand at $13 and the firm's long-term debt is $46. Calculate the market value of the firm's stockholder's equity. a. $104.50 b. $144.50 c. $112.50 d. $128.30

Lemmon Inc. lists fixed assets of $100 on its balance sheet. The firm's fixed assets have recently been appraised at $169. The firm's balance sheet also lists current assets at $15. Current assets were appraised at $18.3. Current liabilities book and market values stand at $13 and the firm's long-term debt is $46. Calculate the market value of the firm's stockholder's equity. a. $104.50 b. $144.50 c. $112.50 d. $128.30

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 49E
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Lemmon Inc. lists fixed assets of $100 on its balance sheet. The firm's fixed assets have recently been appraised at $169. The firm's balance sheet also lists current assets at $15. Current assets were appraised at $18.3. Current liabilities book and market values stand at $13 and the firm's long-term debt is $46. Calculate the market value of the firm's stockholder's equity. a. $104.50 b. $144.50 c. $112.50 d. $128.30
Transcribed Image Text:Lemmon Inc. lists fixed assets of $100 on its balance sheet. The firm's fixed assets have recently been appraised at $169. The firm's balance sheet also lists current assets at $15. Current assets were appraised at $18.3. Current liabilities book and market values stand at $13 and the firm's long-term debt is $46. Calculate the market value of the firm's stockholder's equity. a. $104.50 b. $144.50 c. $112.50 d. $128.30
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